A summary of the Retail EFTPoS 90 conference is given. Theconference highlighted many developments over the past 12 months in theprogress of EFTPoS UK, and was enthusiastic about its future as aleading payment method system for the countrys retailers. News of otherpayments was also discussed, including a futuristic look at the smartcard on the one hand and an overview of how retailers would benefit fromthe dismantling of the credit card anticompetitive agreements on theother. Balancing the discussion about plastic payments, a contributionfrom Transax Financial Services, the UKs largest cheque guaranteecompany, drew attention to the continuing presence of the cheque stillBritains second most preferred method of payment after cash andhighlighted the increasing requirement for retailers to be able toaccept cheques without the risk of fraud.
International Journal of Retail & Distribution Management – Emerald Publishing
Published: Jan 1, 1991